Japan to Allow Foreign Students to Launch Companies

Politics

Tokyo, June 11 (Jiji Press)--The government on Tuesday decided on a regulatory reform measure to allow foreign students to start companies in Japan.

Foreign students will be able to switch their resident status while in university to ones allowing them to undertake entrepreneurial activities.

The measure was decided on at a meeting of the Council on National Strategic Special Zones, chaired by Prime Minister Shinzo Abe. It will be included in a new growth strategy to be approved at a cabinet meeting in late June.

The government hopes that the measure will help increase business launches by foreigners mainly in areas outside Tokyo.

At present, foreigners staying in Japan on a student visa cannot start a new business unless they quit or graduate from their schools, go back home and gain a visa allowing such an activity.

[Copyright The Jiji Press, Ltd.]

Jiji Press